Including the change in gas prices in Texas during the past week, prices yesterday were 24.4 cents per gallon higher than the same day one year ago and are 8.5 cents per gallon lower than a month ago. The national average has decreased 11.2 cents per gallon during the last month and stands 23.9 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on December 11 in Texas have ranged widely over the last five years:
$1.98/g in 2016, $1.80/g in 2015, $2.38/g in 2014, $3.08/g in 2013 and $3.09/g in 2012.
Areas near Texas and their current gas price climate:
Midland Odessa- $2.47/g, down 1.8 cents per gallon from last week's $2.49/g.
San Antonio- $2.10/g, down 2.8 cents per gallon from last week's $2.13/g.
Austin- $2.17/g, down 2.5 cents per gallon from last week's $2.19/g.
"With the exception of some Great Lakes states where prices tend to be volatile, average gas prices moved lower in nearly the entire country in the last week," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "Thank a large build in gasoline inventories and gasoline demand numbers that have finally seen a reprieve from levels that were more consistent with summer months than autumn. With OPEC extending its oil production cuts, there is solid evidence that U.S. oil producers will fill in at least some of the void with rig counts remaining strong. As the focus continues to broaden beyond the rest of the year, motorists who found this year's gas prices high may want to begin setting aside some additional funds for next year as all signs continue to point to higher prices than this year."
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
GasBuddy is the technology company changing the way more than 70 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.